During his campaign for governor, Florida Governor Ron DeSantis made a major tax relief proposal. The proposal includes yearlong tax breaks on household items such as books, clothes, and diapers. Combined with the current annual Back to School tax holiday, this will save Florida families an estimated $1.1 billion.
During a press conference at Sam’s Club on Southwest College Road in Ocala, Florida, DeSantis announced the details of the tax relief proposal. He emphasized that the tax relief package would help Floridians in critical areas of their lives, including the needs of their families.Get Relief from Taxes Now
The proposed tax relief package includes tax breaks on items that can be purchased for $25 or less. This could help families save on things like clothing, sports equipment, and school supplies. In addition, the package would provide sales tax breaks on disaster supplies, such as water and gas.
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The plan also includes a number of tax holidays. Certain items, such as outdoor equipment, will be tax free during Freedom Week and certain dates.
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The plan also includes a permanent tax break on medical equipment. This could help close the gap on medical supplies in Florida.
Governor DeSantis also proposed a sales tax break for athletic equipment and sports clothes. The proposal also includes a one-year tax exemption on over-the-counter pet medications and pet food. In addition to the permanent tax break, the proposal would allow for a one-year tax exemption on diapers.
The tax relief package is set to be approved by the Florida Legislature during the March 7 to May 5 legislative session. The proposal would extend some of the tax breaks approved this year, including the Back to School tax holiday. In addition, the proposal would include sales tax breaks on recreational activities, tools for skilled trades, and gas.
The Florida Retail Federation also supports the tax relief package. The organization tweeted about the package, stating that it “will help Florida families save money on the things they need most.”
The Florida Democratic Party Chair, Manny Diaz, took aim at the tax relief plan, calling it hypocritical. Diaz criticized DeSantis for using the American Rescue Plan money to fund his campaign. During the press conference, he was flanked by several Marion County Republican leaders.
The proposed tax relief package was also met with resistance from solar energy companies, who complained that the plan would harm the industry. However, the Florida Retail Federation argued that the plan would help increase sales in the state.
The Florida Department of Revenue has released a printable calendar of sales tax holidays. This will help families know when they can purchase items tax free. Some of the tax holidays will run through 2023. This will help families save money on diapers, clothes, and other items.
The $1.1 billion tax break proposal would be funded by record state budget reserves. In addition, the plan would be approved by lawmakers during the 2023 legislative session. This is the largest tax relief package in Florida history.